Coinbase's Head of Institutional Research: The improvement of regulatory conditions in Asia is unlikely to lead to a significant influx of Asian capital immediately

ChainCatcher news, according to DL News, Coinbase's Head of Institutional Research David Duong stated that considering China's nationwide ban initiated in 2021, the approval for retail investors to trade on cryptocurrency exchanges in Hong Kong is significant, but improvements in Asian regulatory conditions are unlikely to lead to a substantial influx of Asian capital immediately.

Previously reported, the "Guidelines for Virtual Asset Trading Platform Operators" in Hong Kong will take effect on June 1. Meanwhile, the Hong Kong Securities and Futures Commission indicated that retail investors may be able to buy and sell virtual assets on licensed trading platforms as early as the second half of the year. (source link)